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Globalization in history: a geographical perspective

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  • Crafts, Nicholas
  • Venables, Tony

Abstract

This paper argues that a geographical perspectie is fundamental to understanding comparative economic development in the context of globalization. Central to this view is the role of agglomeration in productivity performance; size and location matter. The tools of the new economic geography are used to illuminate important epidsodes when the relative position of major eeconmies radically changed; the rise of the United States at the beginning and of East Asia at the end of the twentieth century. It is suggested that while lack of high quality institutions has been a major reason for falling behind geographic disadvantage also merits attention.

Suggested Citation

  • Crafts, Nicholas & Venables, Tony, 2002. "Globalization in history: a geographical perspective," LSE Research Online Documents on Economics 2135, London School of Economics and Political Science, LSE Library.
  • Handle: RePEc:ehl:lserod:2135
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    More about this item

    Keywords

    Globalization; economic geography; economic history;
    All these keywords.

    JEL classification:

    • F1 - International Economics - - Trade
    • N1 - Economic History - - Macroeconomics and Monetary Economics; Industrial Structure; Growth; Fluctuations
    • N7 - Economic History - - Economic History: Transport, International and Domestic Trade, Energy, and Other Services

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